Production

Oil gains on drop in US oil inventories

Both benchmarks trading at their highest levels since February last year despite rising Covid-19 infections

Positive: oil prices continued to climb on Wednesday as a larger than expected fall in US oil inventories helped shrug off demand concerns amid rising Covid-19 cases
Positive: oil prices continued to climb on Wednesday as a larger than expected fall in US oil inventories helped shrug off demand concerns amid rising Covid-19 casesPhoto: AP/SCANPIX
  • Reuters
Published 13 January 2021, 05:18Updated 13 January 2021, 05:18
USAChinaXi JinpingAmerican Petroleum InstituteSaudi Arabia